800-880-2212

News

Hartman STIP XIX Establishes New Line of Credit Facility with East West Bank

September 24, 2014

Hartman Short Term Income Properties XIX, Inc., an affiliate of Hartman Income REIT, a Houston based Real Estate Investment Trust, announced today the completion of a new line of credit facility with East West Bank. Hartman Short Term Properties XIX, Inc. pledged two shopping centers, Haute Harwin SC, a 33,320 SC shopping center located in Houston and Fondren Road Plaza, a 93,396 square foot shopping located in Houston and provide an initial availability of $5,250,000. Allen Hartman, CEO, states that, “The new credit facility is structured to provide capacity for Hartman Short Term Income Properties XIX, Inc. to potentially borrow up to $30 Million to fund future acquisitions.”

Dave Wheeler and Julian Kwok, CCIM represented the borrower Hartman Short Term Income Properties XIX, Inc. and Esau Liu represented the lender, East West Bank.

HARTMAN INCOME REIT’S EXISTING PORTFOLIO

Hartman Income REIT and its affiliates, headquartered in Houston, Texas, are a $385,000,000 Real Estate Investment Trust which owns and/or manages 37 properties and 5,040,000 square feet of office, industrial and retail space. Our properties are located in Houston, Dallas and San Antonio, Texas. For more information, please contact Dave Wheeler, at 214-432-3706.